Myanmar’s discrimination against Rohingya Muslims is ‘apartheid’: Amnesty International
Myanmar’s policies that restrict ethnic Rohingyas from travelling, visiting a hospital or going to school amount to apartheid, Amnesty International says.
— ABC News
Suu Kyi takes a populist, paranoid turn
Myanmar’s increasingly internationally maligned de-facto leader Aung San Suu Kyi signaled a neo-populist turn in her speech on Monday to the Asia Europe Foreign Ministers (ASEM) meeting held at Naypyitaw.
— Asia Times
US Senator: Myanmar Crisis Bears ‘All the Hallmarks’ of Ethnic Cleansing
A United States Senate delegation to Myanmar said Tuesday that the crisis in the Rakhine state “has all the hallmarks of ethnic cleansing.”
Supreme Court to hear plea of Rohingyas against deportation on December 5
The Supreme Court today said it would next month hear the plea of two Rohingya refugees who have approached it against the Centre’s decision to deport Rohinigya Muslims to Myanmar.
— The Economics Times
Foreign Minister Mikser: Myanmar must guarantee humanitarian organisations access to the crisis region
At the meeting of Asian and European foreign ministers at the Asia-Europe Meeting (ASEM) in Myanmar, Estonian Foreign Minister Sven Mikser said Europe had deep concern for the developments in Rakhine State.
— Ministry of Foreign Affair Republic of Estonia
Myanmar parliament to decide Thursday on creation of two new ministries
Myanmar’s Union parliament has announced plans to debate the formation of two new ministries following a directive from President Htin Kyaw yesterday. The two proposed ministries are the Ministry of the Office of the Union Government and Ministry of International Cooperation. If created, they will bring the total number of Union-level ministries to 24.
— Coconuts Yangon
China moots economic corridor with Myanmar for easy access to Indian Ocean
China has proposed to build an economic corridor with Myanmar to enhance trade investments, which Chinese experts say would allow access to the Indian Ocean for the country.
— The Economic Times
Myanmar GDP growth to rebound despite Rakhine crisis
Myanmar’s economy is set to recover despite a humanitarian crisis in Rakhine State, while the ruling National League for Democracy — two years after it won its historic election victory — finally prepares a comprehensive plan for economic development.
— Nikkei Asian Review (paywall)
Myanmar exports rise, backed by spike in industrial output
Myanmar exports have surged since the beginning of the the 2017-18 fiscal year, backed by a spike in output by the industry sector, Assistant Secretary of the Ministry of Commerce U Khin Maung Lwin told The Myanmar Times.
— Myanmar Times
IOC to export jet fuel to Myanmar, explore LPG marketing deal
Indian Oil Corporation (IOC) will start exporting aviation turbine fuel (ATF) to Myanmar from next month. The State-owned oil major is also exploring the prospects of LPG exports and will open an office in Yangon.
— The Hindu Business Line
Match-Trade Technologies Announces Partnership with UCG in Myanmar
Match-Trade Technologies LLC, (“Match-Trade”), headquartered in Irvine, California, a fully integrated forex technology company, is pleased to announce a new partnership agreement with United Capital Group Ltd. (UCG) for the territory of Myanmar and some special project for the niche market in Asia-pacific region.
— Globe News wire
Telenor makes it easier for Myanmar people overseas to send money home
Telenor Group is offering Myanmar nationals living in Thailand and Malaysia its Valyou low-cost international-remittance services in a bid to promote “greater financial inclusion” in Southeast Asia.
— The Nation
Non-bank loan providers gain market share
Start-ups facing difficulties obtaining access to capital have been able to use their vehicles as collaterals under a scheme initiated by Best Merchant Finance (BMF), a financial assistance firm offering small loan services in Yangon.
— Myanmar Times
Work on 220 MW Myanmar PV project underway
Work on the first phase of a planned 220 MW solar PV plant is underway in Myanmar, according to Basic Energy Corporation. The Filipino-based energy company is looking to acquire an up to 20% stake in the two EPC companies involved.
— PV Magazine
New vehicle import policy disruptive to Toyota’s Myanmar strategy
Sales of Toyota cars are expected to trail behind that of other car makers in Myanmar as a result of the government’s latest vehicle import policy, a spokesperson for Toyota Motor Corporation said.
— Myanmar Times
‘Up to 30% of beer sold in Myanmar is illegally smuggled’: Study
Global research firm Euromonitor International yesterday released its independent study on the prevalence of the illicit trade of beer in Myanmar. In a country which has an import ban of beer, up to 30% of all beer sold is illegal, a size of nearly 1 million hectoliters in 2016. Of this, 96% is beer that is smuggled across borders by land or boat. Based on the research which included store checks across 4 cities, 95% of illicit beer is well-known, mainstream Thai brands.
Myanmar’s Deadly Hot Air Balloon Festival
“At first we didn’t know which way the fireworks were pointing,” confides 20-year-old Kham Than Htun as he inserts more cylinders of fireworks in neat rows attached to the hot air balloon basket. Straightening up and brushing some gun powder off his fingers, he continues, “But every year we learn.”
— The Diplomat
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Myanmar morning news by AEC News Today is your one stop source for Myanmar news on matters of governance and policies affecting Asean business communities. It is published M-F by AEC News Today: Governance, not government; policies not politics.